Geary, McNiel, and Lee, a partnership, is considering admitting Wayville as a new partner. On July 31, 2024, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: (Click the icon to view the partners' capital accounts and their profit-and-loss-sharing ratio.) Read the requirements. Requirement 1. Journalize the admission of Wayville as a partner on July 31 if Wayville pays Lee $162,000 cash to purchase Lee's interest. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Jul. 31 Requirements Journalize the admission of Wayville as a partner on July 31 for each of the following independent situations: 1. Wayville pays Lee $162,000 cash to purchase Lee's interest. 2. Wayville contributes $81,000 to the partnership, acquiring a 1/4 interest in the business. 3. Wayville contributes $81,000 to the partnership, acquiring a 1/6 interest in the business. 4. Wayville contributes $81,000 to the partnership, acquiring a 1/3 interest in the business. Print Done -